Hive Funds Limited
Aurora RetirementPlus Age 65
Aurora KiwiSaver SchemeBalanced
What the provider says about this fund
This investment option invests 50% in the Aurora Growth Fund and 50% in the Aurora Conservative Fund.
1-year return
5.20%
5-year return p.a.
3.77%
Total annual fee
1.50%
Fund size ($m)
2.2
Members
41
Inception date
1 September 2021
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
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7
Lower riskHigher risk
Investment mix
Growth assets
49.33%
Income assets
50.67%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 12.39% | 14.00% | 13.93% |
| Cash and equivalents | 13.72% | 9.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 18.69% | 20.50% | 19.39% |
| International shares | 34.30% | 38.50% | 35.53% |
| Listed property | 0.00% | 0.00% | 2.24% |
| New Zealand bonds | 18.25% | 18.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Metlife Global Impact Bond Fund - Class A | Bonds | International Fixed Interest | AU | 18.69% |
| 2 | Mercer Macquarie NZ Fixed Interest PIE | Bonds | New Zealand Fixed Interest | NZ | 15.65% |
| 3 | Brandywine Global Opportunistic Equity Fund | Shares | International Equities | NZ | 12.16% |
| 4 | Pella Global Generations PIE Fund | Shares | International Equities | NZ | 11.37% |
| 5 | Mercer Macquarie NZ Cash Fund | Cash | Cash and Cash Equivalents | NZ | 9.14% |
| 6 | Munro Global Growth Climate Leaders PIE Fund | Shares | International Equities | NZ | 7.04% |
| 7 | Kernel NZ 50 ESG Tilted Fund | Shares | Australasian Equities | NZ | 6.40% |
| 8 | Mint Australasian Equity Fund | Shares | Australasian Equities | NZ | 6.00% |
| 9 | Resolution Capital GLI PIE Fund | Shares | International Equities | NZ | 3.72% |
| 10 | Merricks Capital Partners PIE Fund | Other | Other | NZ | 3.41% |
Fees
1.50% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.07% | $321 | 0.77% |
| Other fees | 0.31% | $93 | 0.09% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.50% | $450 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2023 | -4.75% | -2.77% |
| 31 March 2024 | 8.35% | 10.89% |
| 31 March 2025 | 4.48% | 4.36% |
| 31 March 2026 | 5.20% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Sean Henaghan | CIO/Director | 4 years, 11 months |
| Sharon Mackay | CEO/COO, Aurora Capital | 1 year, 3 months |
| Stefan Smith | Senior Multi-Asset Investment Analyst | 1 year, 1 month |